Income Production Direct Mtis Sales Budget Direct Lbr Factory OH Selling Exp Admin Exp Cost of Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the Administrative Expense Budget for Johnson Inc. Quarterly general and administrative expenses include $ 22,000 administrative salaries, rent expense of $13,000 per quarter, insurance expense of $10,000 per quarter, straight-line depreciation of $10,000 per quarter, and 1% monthly interest on the $250,000 long-term note payable (3% quarterly). Show less Johnson Inc. General and Administrative Budget For the year ended December 31, 2018 First otr. Second tr. Third Qur Fourth Qtr. Total Total budgeted general and administrative expenses